EPS accepted a bid from Italy’s second largest utility to set up two units of 375 MW each.
EPS will receive the apparatus from French engineering firm Alstom for the plant to be built by Edison.
A feasibility study will be complete in the first quarter of 2012 after which the two utilities will set up a joint venture.
Under the proposal, Edison offered EPS a 36.4% stake in the new company in which EPS had already invested EUR300m in 1988 putting the construction on hold due to lack of funds.
EPS issued a tender for the construction of 750 MW as well as 650 MW coal-fired energy plants in 2009, part of the 3,300 MW Nikola Tesla power complex, at a cost of EUR1.6bn, reports reuters.com
